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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 401M | 5.7% |
| Gross Profit | 131M | 12.3% |
| Cost of Revenue | 270M | 2.8% |
| Operating expense | 35M | 11.7% |
| Net Income | 110M | 8.2% |
| EBITDA | -425M | 198% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 47.5B | 6.8% |
| Total Liabilities | 44B | 6.6% |
| Total Equity | 3.54B | 9.5% |
| Shares Outstanding | 49M | 0.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 124M | 10% |
| Cash from investing | -588M | 47.2% |
| Cash from financing | 2.73B | 394.6% |
EPS
Financial Highlights for UMB Financial in Q3 '24
UMB Financial reported a revenue of 401M, which is a 5.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 131M, marking a 12.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 270M, a 2.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 35M, showing a -11.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 110M, showing a 8.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -425M, showing a -198% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for UMB Financial with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.
